BCAL Diagnostics (ASX:BDX) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is BCAL Diagnostics Debt-to-Equity?

BCAL Diagnostics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.36 Mil. BCAL Diagnostics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.14 Mil. BCAL Diagnostics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$6.07 Mil. BCAL Diagnostics's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for BCAL Diagnostics's Debt-to-Equity or its related term are showing as below:

ASX:BDX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.23 Max: 0.25
Current: 0.25

During the past 2 years, the highest Debt-to-Equity Ratio of BCAL Diagnostics was 0.25. The lowest was 0.20. And the median was 0.23.

ASX:BDX's Debt-to-Equity is ranked worse than
51.81% of 193 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.23 vs ASX:BDX: 0.25

BCAL Diagnostics Debt-to-Equity Historical Data

The historical data trend for BCAL Diagnostics's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BCAL Diagnostics Debt-to-Equity Chart

BCAL Diagnostics Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.20

BCAL Diagnostics Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	0.20	0.25

Competitive Comparison of BCAL Diagnostics's Debt-to-Equity

For the Diagnostics & Research subindustry, BCAL Diagnostics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BCAL Diagnostics's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, BCAL Diagnostics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BCAL Diagnostics's Debt-to-Equity falls into.

BCAL Diagnostics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BCAL Diagnostics's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.165	+	0.897)	/	5.214
	=	0.20

BCAL Diagnostics's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.364	+	1.139)	/	6.067
	=	0.25

BCAL Diagnostics (ASX:BDX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BCAL Diagnostics Debt-to-Equity Related Terms

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BCAL Diagnostics (ASX:BDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » BCAL Diagnostics Ltd (ASX:BDX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Queen Victoria Building, GPO Box Q128, Sydney, NSW, AUS, 1230

Website

https://www.bcaldiagnostics.com

BCAL Diagnostics Ltd is a biotechnology company developing a novel blood screening test to improve the early diagnosis and monitoring of breast cancer by identifying, measuring, and validating specific biomarkers enriched from patient's blood. The BCAL technology utilizes a single blood test on multiple levels including disease detection, diagnostic mass screening, and post-intervention.